By Mark Carlisle | YourValley
The metro Phoenix area, led by Tempe, has become one of the fastest-growing tech markets by office space rented in the U.S., according to a report.
CBRE’s 2018 Tech-30 report, which measures the 30 top tech markets in North America, ranks Phoenix as having the country’s sixth largest growth rate over the past two years in tech office net absorption, the rate at which tech companies entered the market against those that left. Tempe, which leads the Phoenix area’s tech industry, ranked fourth in net absorption among tech submarkets.
“Now as we become more urban, I think we’re just appealing to a different type of workforce,” said Maria Laughner, economic development program manager for the city of Tempe. “A worker that’s interested in taking light rail or biking to work, for example. We’re very lucky to have ASU (Arizona State University) in our backyard, so building off of them. The kind of environment that we have here, you just can’t replicate everywhere.”